{"id":89663,"date":"2023-09-01T17:14:14","date_gmt":"2023-09-01T21:14:14","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=89663"},"modified":"2025-04-16T15:10:26","modified_gmt":"2025-04-16T19:10:26","slug":"the-ultimate-guide-to-personal-finance","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/the-ultimate-guide-to-personal-finance\/","title":{"rendered":"The Ultimate Guide to Personal Finance"},"content":{"rendered":"\t\t
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By reading this Ultimate Guide you\u2019re already taking the first steps on your journey to a Rich Life. This is only an introduction to the ideas and material you\u2019ll find inside IWT. I started this site in 2004 while I was studying technology and psychology at Stanford. I\u2019ve spent the time since testing and honing my Rich Life systems on thousands of successful students.<\/p>

At IWT you\u2019ll learn –\u00a0<\/p>

Buy all the lattes you want.<\/b> A $5 coffee is not going to change your financial life. But learning how to automatically invest, how to select the right asset allocation, and how to negotiate a $15,000 raise will. I believe in asking $30,000 questions, not $3 questions.<\/p>

Y<\/strong>our Rich Life is yours.<\/b> A Rich Life can be picking up your kids every day from school. Or buying a $1,000 cashmere sweater. It can be buying a round of drinks for your friends, or traveling for 8 weeks per year. You decide. Your Rich Life is yours. (Here are some of my Money Rules.)<\/p>

There\u2019s a limit to how much you can cut, but no limit to how much you can earn.<\/b> I have readers who earn $50,000\/year and ones who earn $750,000\/year. We\u2019ve helped tens of thousands of people earn more money by negotiating their salaries, investing, and starting businesses.<\/p>

Spend extravagantly on the things you love, as long as you cut costs mercilessly on the things you don\u2019t.<\/b> I don\u2019t believe in cutting back on lattes. In fact, I want you to spend more on the things you love. What if you could double your spending on travel, or eating out, convenience, or charity? I call those Money Dials and I\u2019ll show you how.<\/p>

The 85% Solution: <\/b>Getting started is more important than becoming an expert. You don\u2019t need to be perfect to take control of your money. It\u2019s OK to make mistakes. Get 85% of the way there and move on with your life.<\/p>

Investing should be very boring\u2014and very profitable\u2014over the long term.<\/b> I get more excited eating tacos than checking my investment returns. You\u2019re in control. This isn\u2019t a Disney movie and nobody\u2019s coming to rescue you. Fortunately, you can take control of your finances and build your Rich Life.<\/p>

Money is political. <\/b>You can simultaneously acknowledge personal responsibility and real systemic problems. This is a core part of the I Will Teach You To Be Rich philosophy. Housing is political. Healthcare is political. Voting rights are political. If you\u2019re looking for bland tips on cutting coupons, this site is not for you. I consider it a tragedy to live a smaller life than you have to. So many of us have been raised to believe that money is something to be scared of. We use phrases like \u201cI\u2019m not good with money\u201d or \u201cMoney changes people.\u201d Yes, money does change people.

Money allowed me to dream bigger, to be more generous, and to be more adventurous.<\/b><\/span> It can do the same for you. A Rich Life is lived outside the spreadsheet. What\u2019s the point of all this saving and investing if you\u2019re simply going to wait until you\u2019re 80 to live? No thanks. I believe that once you\u2019ve set up your finances, you\u2019ll see that the most important part of a Rich Life is outside the spreadsheet\u2014it involves relationships, new experiences, and giving back. You earned it. Welcome to your Rich Life journey, I\u2019m excited to see what you do next.<\/span><\/p>

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Money Management Made Simple<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Good news: You don\u2019t have to be perfect to be rich. Or the smartest person in the room. Or a type-A personality. Or lucky. In fact, you can set yourself on the road to wealth with any amount of money if you use the easy, \u201cset it and forget it\u201c system I\u2019ll show you below.<\/span><\/p>

Imagine this,\u00a0how would your life change if you woke up every day knowing:<\/span><\/p>